UK imposes new rules for 'over-zealous' banks

The UK's trading watchdog has imposed new requirements on NatWest and Royal Bank of Scotland (RBS), following concerns about banks apparently being overly-zealous when linking people’s unpaid debts to their homes.

The Office of Fair Trading (OFT) said its concerns centre around the use of a type of court order called a “charging order”, which means that unpaid judgment debts can be clawed back if the customer sells their home.